{"id":48507,"date":"2020-03-23T10:55:13","date_gmt":"2020-03-23T10:55:13","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=48507"},"modified":"2020-03-23T10:55:13","modified_gmt":"2020-03-23T10:55:13","slug":"economists-demand-more-from-sunak-todays-letter-in-the-times","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2020\/03\/23\/economists-demand-more-from-sunak-todays-letter-in-the-times\/","title":{"rendered":"Economists demand more from Sunak – today’s letter in The Times"},"content":{"rendered":"

I was a signatory to this letter in The Times<\/a> today:<\/em><\/p>\n

SUNAK\u2019S RESPONSE<\/b><\/p>\n

Sir, As economists, academics and directors of research organisations, we are writing to insist that the government goes significantly further in its economic response to the Covid-19 crisis. We welcome the support for the employed, but the self-employed have been left out in the cold. They must be supported immediately: existing institutions such as HMRC should be used to deploy funds to this group.<\/p>\n

Further, the chancellor\u2019s job retention scheme must mandate against any layoffs with immediate effect. There is a risk that many firms will let staff go in the days ahead. In order to receive wage subsidies firms\u00a0must<\/i>\u00a0keep all staff on payroll.<\/p>\n

Finally, the universal credit system will be unable to cope with all of the newly unemployed or underemployed. All means-testing must be removed to speed up the claims process.<\/p>\n

Economic collapses become increasingly difficult to arrest if they are allowed to continue unabated. There is a real risk that this recession could turn into a depression. The government must move decisively to get cash into the hands of households and firms before the economic dominoes start to fall.<\/p>\n

Jo Michell<\/b>
\nAssociate Professor in Economics, UWE Bristol<\/p>\n

Rob Calvert Jump<\/b>
\nResearch Fellow in Political Economy, Greenwich University<\/p>\n

Diane Elson<\/b>
\nEmeritus Professor , University of Essex<\/p>\n

Danielle Guizzo
\n<\/b>Senior Lecturer in Economics, UWE Bristol
\n<\/b><\/p>\n

Miatta Fahnbulleh<\/b>
\nChief Executive of the New Economics Foundation<\/p>\n

Mary-Ann Stephenson<\/b>
\nDirector, Women\u2019s Budget Group<\/p>\n

Prem Sikka<\/b>
\nEmeritus Professor of Accounting, University of Essex<\/p>\n

Sunil Mitra Kumar<\/b>
\nLecturer in Economics, King\u2019s College London<\/p>\n

Jonathan Portes<\/b>
\nProfessor of Economics and Public Policy, King College London<\/p>\n

Daniela Gabor<\/b>
\nProfessor of Economics and Macrofinance, UWE Bristol<\/p>\n

Fran Boait<\/b>
\nExecutive Director, Positive Money<\/p>\n

Jane Lethbridge<\/b>
\nPrincipal Lecturer, Department of International Business and Economics, Faculty of Business, University of Greenwich<\/p>\n

Nick Srnicek<\/b>
\nLecturer in Digital Economy, King\u2019s College London
\n<\/b><\/p>\n

Mat Lawrence<\/b>
\nDirector of the Common Wealth think tank<\/p>\n

Rob Palmer<\/b>
\nDirector of Tax Justice UK<\/p>\n

Neil Lawson<\/b>
\nDirector of Compass<\/p>\n

Joe Guinan<\/b>
\nVice President, The Democracy Collaborative<\/p>\n

Laurie Macfarlane<\/b>
\nFellow, UCL Institute for Innovation and Public Purpose<\/p>\n

Jackie Jones<\/b>
\nFormer Professor of Feminist Legal Studies Former MEP<\/p>\n

Sarah Jayne-Clifton<\/b>
\nDirector of the Jubilee Debt Campaign<\/p>\n

Michael Jacobs<\/b>
\nProfessor of Political Economy, University of Sheffield<\/p>\n

Ania Plomien<\/b>
\nAssistant Professor, Gender Studies, LSE<\/p>\n

David Adler<\/b>
\nFellow, European University Institute<\/p>\n

Neil McInroy<\/b>
\nChief Executive, Centre for Local Economic Strategies<\/p>\n

Will Stronge<\/b>
\nDirector of Autonomy<\/p>\n

James Meadway<\/b>
\nAssociate fellow at IPPR<\/p>\n

Rebecca Tunstall<\/b>
\nProfessor Emerita of Housing Policy, Centre for Housing Policy, University of York<\/p>\n

Juvaria Jafri<\/b>
\nLecturer in International Political Economy, City, University of London<\/p>\n

Bruno Bonizzi<\/b>
\nSenior Lecturer in Finance, University of Hertfordshire Business School<\/p>\n

Andy Denis<\/b>
\nFellow Emeritus in Economics, City, University of London<\/p>\n

Anna Laycock<\/b>
\nCEO, Finance Innovation Lab<\/p>\n

Guglielmo Forges Davanzati<\/b>
\nUniversity of Salento<\/p>\n

Steve Keen<\/b>
\nDistinguished Research Fellow, Institute for Strategy, Resilience and Security, University College London<\/p>\n

Constantinos Alexiou<\/b>
\nProfessor of Macroeconomics and Policy, Cranfield University<\/p>\n

Simon Wren-Lewis<\/b>
\nProfessor of Economic Policy, University of Oxford<\/p>\n

Jonathan Perraton<\/b>
\nSenior Lecturer in Economics<\/p>\n

Sophia K\u00c3\u00bchnlenz<\/b>
\nLecturer in Economics, Manchester Metropolitan University<\/p>\n

Frank van Lerven<\/b>
\nNew Economics Foundation<\/p>\n

Jan Toporowski<\/b>
\nSOAS University of London<\/p>\n

Cem Oyvat<\/b>
\nUniversity of Greenwich<\/p>\n

Neville R Norman<\/b>
\nUniversities of Melbourne and Cambrdge<\/p>\n

Pedro Mendes Loureiro<\/b>
\nUniversity of Cambridge<\/p>\n

Mark Setterfield<\/b>
\nJNew School for Social Research<\/p>\n

Ewa Karwowski<\/b>
\nUniversity of Hertfordshire<\/p>\n

Mary V. Wrenn<\/b>
\nU. of the West of England<\/p>\n

Carolina Alves<\/b>
\nUniversity of Cambridge<\/p>\n

Ozlem Onaran<\/b>
\nProf of Economics, University of Greenwich<\/p>\n

Ingrid Harvold Kvangraven<\/b>
\nUniversity of York<\/p>\n

Engelbert Stoc<\/b>khammer<\/b>
\nProfessor of International Political Economy, King\u2019s College London<\/p>\n

Deborah Dean<\/b>
\nAssociate Professor in Industrial Relations, Warwick Business School<\/p>\n

Emanuele Lobina<\/b>
\nPrincipal Lecturer, PSIRU, University of Greenwich Business Faculty<\/p>\n

Ulrich Volz<\/b>
\nReader in Economics, SOAS University of London<\/p>\n

Andrew Fischer<\/b>
\nAssociate Professor, Erasmus University Rotterdam<\/p>\n

Dany Lang<\/b>
\nAssociate Professor, University Sorbonne Paris Nord<\/p>\n

Ania Plomien<\/b>
\nAssistant Professor, Gender Studies, LSE<\/p>\n

Janet Veitch<\/b>
\nChair, UK Women\u2019s Budget Group<\/p>\n

Karl Petrick<\/b>
\nAssociate Professor of Economics, Western New England University<\/p>\n

Nina Eichacker<\/b>
\nAssistant Professor of Economics, University of Rhode Island<\/p>\n

Yannis Dafermos<\/b>
\nLecturer in Economics, SOAS University of London<\/p>\n

Duncan Lindo<\/b>
\nVrije Universiteit Brussel<\/p>\n

Leslie Huckfield<\/b>
\nLecturer, Glasgow Caledonian University<\/p>\n

France Coppola<\/b>
\nEconomist and author<\/p>\n

Radhika Desai<\/b>
\nProfessor, University of Manitoba<\/p>\n

Imko Meyenburg<\/b>
\nSenior Lecturer, Anglia Ruskin University<\/p>\n

Tony Yates<\/b>
\nResolution Foundation and Fathom Consulting<\/p>\n

Richard Murphy<\/b>
\nProfessor of Practice in International Political Economy at City, University of London<\/p>\n

Thomas Palley<\/b>
\nEconomist, Washington, DC<\/p>\n

Andrew Cumbers<\/b>
\nProfessor of Regional Political Economy University of Glasgow<\/p>\n

Howard Reed<\/b>
\nLandman Economics<\/p>\n

Trevor Evans<\/b>
\nProfessor of Economics, Berlin School of Economics and Law<\/p>\n

Prof Pritam Singh<\/b>
\nVisiting Scholar, Wolfson College, Oxford<\/p>\n

Dr Jerome De Henau<\/b>
\nSenior Lecturer in Economics, Open University<\/p>\n

Dan O\u2019Neill<\/b>
\nAssociate Professor in Ecological Economics, University of Leeds<\/p>\n

Giorgos Gouzoulis<\/b>
\nResearch Fellow, University College London<\/p>\n

Maria Nikolaidi<\/b>
\nSenior Lecturer in Economics, University of Greenwich<\/p>\n

Emanuele Citera<\/b>
\nPhD Student, Economics Department, The New School for Social Research<\/p>\n

Sara Gorgoni<\/b>
\nAssociate Professor in Economics, University of Greenwich<\/p>\n

Natalya Naqvi<\/b>
\nAssistant Professor in International Political Economy, London School of Economics<\/p>\n

Jamie Morgan<\/b>
\nProfessor, Leeds Beckett University<\/p>\n

Adotey Bing-Pappoe<\/b>
\nSenior Lecturer, Economics, University of Greenwich<\/p>\n

Alfredo Saad Filho<\/b>
\nProfessor of Political Economy and International Development, King\u2019s College London<\/p>\n

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